Extra Virgin Olive Oil Market Dynamics, Driving Factors, and Applications by 2030

Research Reports

Mar 21, 2023

Market Research Future Insights

According to MRFR The global extra virgin olive oil market industry is expected to register a CAGR of 5.30% during the forecast period 2023-2030 hold a value of over USD 14.41 billion by 2030.

The extra virgin olive oil market refers to the trade and distribution of the highest quality grade of olive oil, known as extra virgin olive oil. Extra virgin olive oil is made from pure, cold-pressed olives and is characterized by its fruity, bitter, and pungent flavor profile, as well as its high levels of antioxidants and healthy monounsaturated fats. The market includes the production, importation, exportation, distribution, and retail sales of extra virgin olive oil, as well as related products and services such as marketing and advertising, packaging and labeling, quality control and certification, and industry research and analysis. The COVID-19 pandemic has impact on the global extra virgin olive oil market. It led to the changes in consumer demand, disruptions to supply chains, shifts in distribution channels, and delays in production and processing of extra virgin olive oil.

Some of the major market drivers include health benefits, growing popularity of mediterranean diet, increasing disposable income, rising demand from food industry, growing popularity of online retail, and favorable government policies. Volatility of prices, competition from other edible oils, counterfeit products, seasonal availability, transportation and storage challenges, and climate change and environmental factors is expected to negatively impact the market growth.

Market Segmentation

Extra virgin olive oil is available in a variety of packaging options, including bottles & jars, and cans, among others. Extra virgin olive oil is distributed through various channels, including store-based, and non-store-based. Based on price range, the market organic, and conventional.

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Regional Analysis

Europe is the largest market for extra virgin olive oil, accounting for more than 70% of the global production. Spain, Italy, and Greece are the major producers of extra virgin olive oil in Europe. The demand for extra virgin olive oil in Europe is driven by the growing awareness of its health benefits, as well as its use in traditional Mediterranean cuisine. Asia-Pacific is a rapidly growing market for extra virgin olive oil, driven by the increasing adoption of healthy diets and rising disposable incomes. The demand for high-quality and authentic extra virgin olive oil is driving the growth of imports from Europe, as well as domestic production in countries such as Australia and New Zealand.

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Key Players

Some of the key players include Agro Sevilla Group, The Star Fine Foods – Borges USA, Miguel Gallego SA, DEOLEO, Nutrinveste SGPS SA, and Carapelli Firenze S.p.A.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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